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Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG

Above the Law - Technology

Following news earlier today of the merger of Fastcase and vLex , now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.

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TPG to Acquire Majority Stake in Thomson Reuters Elite

Legal Tech Blog

The Elite business provides financial and practice management solutions to the world’s leading law firms, helping customers automate and streamline critical finance and accounting workflows. TPG has a history of investing in software companies that address the unique needs of vertical markets.

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Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG

Legal Tech Monitor

Following news earlier today of the merger of Fastcase and vLex , now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.

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LTRC Roundtable Discussion: ChatGPT

Law Technology Today

As with all AI enabled technology, the data behind the tech will determine how useful the tech becomes. DB: I can imagine ChatGPT features being licensed to companies like LegalZoom, practice management software providers and legal drafting software providers.

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What Are the New Technologies in the Legal Field?

Lawmatics

2 AI-Enabled Technology: Promise Amid Uncertainty Fewer than 15% of small firm lawyers view rapidly developing AI as an imminent threat to traditional legal roles. What Is the Most Used Legal Technology? With the right foundation, forward-looking adoption also future-proofs smaller firms to capitalize on coming AI advances.